Genworth MI Canada Inc (TSE:MIC) – Equities researchers at National Bank Financial issued their Q2 2018 earnings per share (EPS) estimates for Genworth MI Canada in a research report issued on Wednesday. National Bank Financial analyst J. Gloyn expects that the company will post earnings of $1.22 per share for the quarter. National Bank Financial has a “Outperform” rating and a $49.00 price target on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s FY2019 earnings at $5.17 EPS.
MIC has been the subject of a number of other research reports. Scotiabank increased their target price on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. CIBC lowered shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their target price for the company from C$45.00 to C$46.00 in a research report on Monday, November 6th. TD Securities lowered shares of Genworth MI Canada from a “buy” rating to a “hold” rating and increased their target price for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Royal Bank of Canada increased their target price on shares of Genworth MI Canada from C$41.00 to C$42.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their target price on shares of Genworth MI Canada from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Genworth MI Canada has an average rating of “Hold” and a consensus target price of C$46.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.47 per share. This is a positive change from Genworth MI Canada’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 4.50%. Genworth MI Canada’s dividend payout ratio (DPR) is 30.76%.
About Genworth MI Canada
Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.
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